Oil Falls Fourth Day as Supply Concerns Ease — SkimNews
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- Oil prices see-sawed as markets weighed two catalysts: Trump's UN speech and a potential Saudi pipeline fix
- Crude oil fell for a fourth consecutive day as supply concerns eased
- U.S. crude declined after an unexpected rise in API inventories coincided with easing geopolitical tension
Why it matters: A four-day losing streak driven by an unexpected API inventory build and easing geopolitical risk premium points to traders pricing in supply normalization, yet same-day price swings tied to a single UN speech show crude remains headline-sensitive in both directions.
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